Patricia Ann Barron - Aug 4, 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Chief Operations Officer
Signature
/s/ Patricia Ann Barron
Stock symbol
SKYX
Transactions as of
Aug 4, 2023
Transactions value $
-$26,385
Form type
4
Date filed
8/9/2023, 04:48 PM
Previous filing
Feb 9, 2022
Next filing
Aug 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $0 +100K +100% $0.00 200K Aug 4, 2023 Direct F1
transaction SKYX Common Stock, no par value Tax liability -$26.4K -12.2K -6.08% $2.17 188K Aug 4, 2023 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKYX Stock Option (right to buy) Award $0 +100K $0.00 100K Aug 4, 2023 Common Stock, no par value 100K $2.08 Direct F2
holding SKYX Stock Option (right to buy) 200K Aug 4, 2023 Common Stock, no par value 200K $0.60 Direct
holding SKYX Stock Option (right to buy) 150K Aug 4, 2023 Common Stock, no par value 150K $1.20 Direct
holding SKYX Stock Option (right to buy) 150K Aug 4, 2023 Common Stock, no par value 150K $1.80 Direct
holding SKYX Stock Option (right to buy) 50K Aug 4, 2023 Common Stock, no par value 50K $3.00 Direct
holding SKYX Stock Option (right to buy) 50K Aug 4, 2023 Common Stock, no par value 50K $4.00 Direct
holding SKYX Stock Option (right to buy) 100K Aug 4, 2023 Common Stock, no par value 100K $6.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest in four equal annual installments, beginning on August 4, 2023, the date of grant, subject to continued employment through the vesting date.
F2 Options vest in four equal annual installments, beginning on August 4, 2023, the date of grant, subject to continued employment through the vesting date.
F3 The reporting person has elected to satisfy her tax withholding obligation in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
F4 Includes 75,000 RSUs, which will vest in equal annual installments on each of August 4, 2024, 2025 and 2026.